With the deployment of metaverse in our daily lives, there will be new opportunities for people and firms to extend their activities. At the same time, these activities touch various legal and compliance aspects.

In this panel, we’ll focus on two topics : Identity and Ownership.

IDENTITY: As the next generation of the Internet, the Metaverse should first have the function of carrying the effective identity of users. What are the different approaches and forms of digital identities in the metaverse? What would be the potential opportunities and risks of blockchain-based identity ecosystem? What would the future cross-metaverse decentralized identity ideally be like? (case and examples: ONCHAINID, Crucible)

OWNERSHIP: The bearing function of user property refers to Metaverse’s recognition of user property ownership. How to judge that someone has ownership of something? Own a movable or immovable property? Metaverse is not only a new form of entertainment, it will also have real world impact and functionality. How to bridge digital identity, virtual ownership and real-life? How can consumers be protected? (Utrust)

NFTs, IP ownership and Financial regulation: In response to “right-clicker mentality” — how to balance the ‘perception of ownership’ and the true ‘on-chain ownership’ when it comes to virtual assets? From a regulatory point of view, is it crucial to determine the nature of NFTs. eg. a means of access/proof of ownership (utility tokens) or rather be considered as securities (security tokens)? What’s the regulatory state of art and future of NFTs in these regards? Although NFTs are not (yet) specifically regulated, what are the regulatory and compliance obligations that the businesses should take into account?

00:00 intro of four panelists.

04:06 What are the different approaches and forms of digital identity in the metaverses?

11:15 What will be the trust metaverse identity regarding user data?

15:09 How to judge that someone has real ownership of something?

21:32 What is the regulatory state of the art?

29:22 What kind of elements should entrepreneurs take into consideration?

31:15 What type of legal framework is there for the current state of art decentralized autonomous organization?

38:38 How can we bridge the virtual world of virtual life with real life?

45:19 How can the user’s rights be protected in the current state of the art?